Arch Capital Group Ltd. (NASDAQ:ACGL) Holdings Raised by Ellevest Inc.

Ellevest Inc. grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 166.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,398 shares of the insurance provider’s stock after acquiring an additional 2,124 shares during the quarter. Ellevest Inc.’s holdings in Arch Capital Group were worth $254,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ACGL. City State Bank acquired a new position in Arch Capital Group during the second quarter valued at $30,000. CENTRAL TRUST Co raised its position in Arch Capital Group by 57.3% during the third quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock valued at $32,000 after buying an additional 252 shares during the period. First Horizon Advisors Inc. raised its position in Arch Capital Group by 151.0% during the first quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock valued at $34,000 after buying an additional 299 shares during the period. Massmutual Trust Co. FSB ADV raised its position in Arch Capital Group by 140.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 516 shares of the insurance provider’s stock valued at $39,000 after buying an additional 301 shares during the period. Finally, Clear Street Markets LLC raised its position in Arch Capital Group by 93.9% during the first quarter. Clear Street Markets LLC now owns 725 shares of the insurance provider’s stock valued at $49,000 after buying an additional 351 shares during the period. 87.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In related news, CEO David Gansberg sold 7,350 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $89.49, for a total transaction of $657,751.50. Following the completion of the sale, the chief executive officer now owns 208,368 shares in the company, valued at approximately $18,646,852.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO David Gansberg sold 7,350 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $89.49, for a total transaction of $657,751.50. Following the completion of the sale, the chief executive officer now owns 208,368 shares in the company, valued at approximately $18,646,852.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Marc Grandisson sold 103,028 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $85.01, for a total value of $8,758,410.28. Following the sale, the chief executive officer now owns 1,937,157 shares of the company’s stock, valued at approximately $164,677,716.57. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $95.00 target price on shares of Arch Capital Group in a research report on Tuesday, October 31st. Jefferies Financial Group upped their target price on Arch Capital Group from $89.00 to $95.00 in a research report on Friday, October 6th. Wells Fargo & Company upped their target price on Arch Capital Group from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Arch Capital Group in a research report on Wednesday, October 4th. They issued a “buy” rating and a $81.00 target price on the stock. Finally, StockNews.com assumed coverage on Arch Capital Group in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $87.83.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $85.50 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $31.91 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 1.13 and a beta of 0.68. The business’s 50-day simple moving average is $82.32 and its 200-day simple moving average is $77.55. Arch Capital Group Ltd. has a 52 week low of $55.62 and a 52 week high of $90.65.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, October 31st. The insurance provider reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.77. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.46 billion. Arch Capital Group had a return on equity of 23.06% and a net margin of 23.46%. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 7.67 earnings per share for the current fiscal year.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.